Hyperion Asset Management Ltd Sells 489,108 Shares of Block, Inc. $XYZ

Hyperion Asset Management Ltd decreased its holdings in shares of Block, Inc. (NYSE:XYZ) by 18.2% in the 3rd quarter, Holdings Channel reports. The firm owned 2,193,746 shares of the technology company’s stock after selling 489,108 shares during the quarter. Block comprises about 4.4% of Hyperion Asset Management Ltd’s investment portfolio, making the stock its 11th biggest holding. Hyperion Asset Management Ltd’s holdings in Block were worth $161,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raiffeisen Bank International AG increased its position in Block by 0.3% in the 2nd quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company’s stock valued at $3,503,000 after acquiring an additional 148 shares during the period. Avior Wealth Management LLC lifted its holdings in Block by 3.3% in the second quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock worth $462,000 after purchasing an additional 193 shares during the period. Carson Advisory Inc. lifted its holdings in Block by 2.6% in the first quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock worth $484,000 after purchasing an additional 200 shares during the period. World Investment Advisors grew its position in Block by 8.1% in the 1st quarter. World Investment Advisors now owns 3,825 shares of the technology company’s stock valued at $230,000 after buying an additional 287 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its position in Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after buying an additional 292 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Block

In other Block news, Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $78.58, for a total transaction of $471,480.00. Following the transaction, the director directly owned 1,254,672 shares in the company, valued at $98,592,125.76. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 308,565 shares of company stock valued at $24,872,046 in the last three months. Corporate insiders own 11.37% of the company’s stock.

Block Stock Up 1.4%

XYZ stock traded up $1.07 during mid-day trading on Tuesday, hitting $78.57. The stock had a trading volume of 1,537,177 shares, compared to its average volume of 6,164,853. The company has a fifty day moving average of $78.74 and a 200 day moving average of $75.12. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The stock has a market capitalization of $47.21 billion, a price-to-earnings ratio of 140.28, a PEG ratio of 0.81 and a beta of 2.55. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion for the quarter. During the same period in the previous year, the business posted $0.62 EPS. Block’s revenue was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. On average, equities analysts expect that Block, Inc. will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on XYZ shares. Canaccord Genuity Group boosted their price target on shares of Block from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. The Goldman Sachs Group upgraded Block from a “buy” rating to a “buy” rating in a report on Tuesday, June 30th. Needham & Company LLC lifted their target price on shares of Block from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. TD Cowen lifted their price objective on shares of Block from $101.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, William Blair lowered Block to a “market perform” rating in a report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Block currently has an average rating of “Moderate Buy” and an average target price of $95.39.

About Block

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.